In my jurisdiction the actual incorporation is actually quite cheap (don't remember exact numbers unfortunately, but cost wasn't an issue at all). What's expensive is the services of a lawyer, but you really don't need it for a basic incorporation, the process is pretty self-explanatory. (Of course, if it's a startup with multiple co-founders, outside investment, etc, then a lawyer is definitely a must-have). The major cost, for me, is all of the ongoing tax accounting - you either need to pay for expensive bookkeping+accounting, or spend a lot of your time learning to do it yourself.
For the State of Hawaii, incorporation fee is $50 for for-profits, with a $15 annual business report fee thereafter. The annual report is a 1-page form stating total shares issues, officers, type of business, and addresses.
wdrw|8 years ago
macp|8 years ago